Matra Petroleum AB (publ) reported consolidated earnings and operating results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of $2.4 million compared to $2.4 million, operating loss of $0.3 million compared to operating profit of $0.12 million, loss before tax of $2.1 million compared to $1.3 million and loss attributable to shareholders of the parent company of $2.1 million or $0.05 per basic and diluted share compared to $1.3 million $0.04 per basic and diluted share a year ago. Total cash flows from operating activities were of $0.2 million compared to $0.6 million a year ago. Loss before depreciation and amortisation exclusive of derivatives (LBITDA) was $0.04 million compared to earnings before depreciation and amortisation exclusive of derivatives (EBITDA) of $0.4 million a year ago.

The company announced net crude oil production, bbl of 23,375 compared to 25,670, net gas and natural liquids production, mcf of 110,190 compared to 125,896 and total, boepd of 464 compared to 526 a year ago.